US Patent Issued to MasterCard International on March 25 for "Method and system to control payment transactions in a payment card using companion payment application" (Indian Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,394, issued on March 25, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method and system to control payment transactions in a payment card using companion payment application" was invented by Ajay Sinha (Pune, India) and Naveen Kumar Gupta (Pune, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments provide methods and systems for controlling payment transactions in a payment card using a companion payment application installed on a user device. The payment application and the payment card may be provided by an issuer server. Using the payment application, the number of transactions allowed on the payment card or an am...